Autos power Sensex to 33-month high

The benchmark Sensex of the Bombay Stock Exchange on Monday rose by 31 points, or 0.2 per cent to close at a 33-month high of 20,476 points on sustained buying by foreign funds and a strong momentum in the BSE Auto index.

The benchmark Sensex of the Bombay Stock Exchange on Monday rose by 31 points, or 0.2 per cent to close at a 33-month high of 20,476 points on sustained buying by foreign funds and a strong momentum in the BSE Auto index.

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The index zoomed 191 points to a lifetime high of 9,948, on reports of strong September sales by domestic auto firms.

“There is a real growth story in the auto sector. Consumers are going strong and the automotive monthly sales are on a new high,” said Divyesh Shah, CEO, Indiabulls Securities.

The broadbased Nifty of the National Stock Exchange crossed 6,200 for the first time in 33 months, before ending 16 points higher at 6,160.